Goldman Sachs Group (NYSE:GS) Downgraded to “Sell” at Morgan Stanley

Goldman Sachs Group (NYSE:GS) was downgraded by stock analysts at Morgan Stanley to a “sell” rating in a research note issued on Monday, February 4th, The Fly reports.

GS has been the topic of a number of other reports. Credit Suisse Group lowered their price objective on Goldman Sachs Group from $280.00 to $258.00 and set an “outperform” rating on the stock in a research report on Friday, December 7th. Zacks Investment Research upgraded Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $206.00 price objective on the stock in a research report on Friday, December 7th. Oppenheimer boosted their price objective on Goldman Sachs Group from $257.00 to $272.00 and gave the company an “outperform” rating in a research report on Thursday, January 17th. Wells Fargo & Co restated a “buy” rating and set a $250.00 price objective (up from $235.00) on shares of Goldman Sachs Group in a research report on Wednesday, January 16th. Finally, Atlantic Securities cut Goldman Sachs Group from an “overweight” rating to a “neutral” rating in a research report on Wednesday, December 12th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $255.54.

Shares of GS traded up $1.50 on Monday, reaching $198.20. 2,580,522 shares of the stock traded hands, compared to its average volume of 2,670,444. The stock has a market cap of $72.91 billion, a PE ratio of 7.84, a P/E/G ratio of 1.13 and a beta of 1.22. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 2.49. Goldman Sachs Group has a 12 month low of $151.70 and a 12 month high of $275.31.

Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Wednesday, January 16th. The investment management company reported $6.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.15 by $0.89. The business had revenue of $8.08 billion for the quarter, compared to analysts’ expectations of $7.48 billion. Goldman Sachs Group had a return on equity of 13.35% and a net margin of 28.92%. Goldman Sachs Group’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the previous year, the business posted $5.68 earnings per share. Equities analysts forecast that Goldman Sachs Group will post 23.68 earnings per share for the current fiscal year.

In other Goldman Sachs Group news, EVP Dane E. Holmes sold 1,489 shares of the business’s stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $198.31, for a total value of $295,283.59. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Gregory K. Palm sold 16,451 shares of the business’s stock in a transaction on Thursday, December 27th. The stock was sold at an average price of $158.41, for a total value of $2,606,002.91. The disclosure for this sale can be found here. 1.71% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of the business. Oregon Public Employees Retirement Fund raised its position in shares of Goldman Sachs Group by 17,481.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 16,641,354 shares of the investment management company’s stock worth $100,000 after acquiring an additional 16,546,702 shares during the last quarter. Capital International Investors raised its position in shares of Goldman Sachs Group by 2,110.7% during the third quarter. Capital International Investors now owns 4,882,975 shares of the investment management company’s stock worth $1,094,958,000 after acquiring an additional 4,662,095 shares during the last quarter. Lakewood Capital Management LP bought a new stake in shares of Goldman Sachs Group during the fourth quarter worth $136,480,000. Jennison Associates LLC raised its position in shares of Goldman Sachs Group by 17.8% during the fourth quarter. Jennison Associates LLC now owns 4,710,738 shares of the investment management company’s stock worth $786,929,000 after acquiring an additional 710,479 shares during the last quarter. Finally, Prudential Financial Inc. raised its position in shares of Goldman Sachs Group by 83.4% during the third quarter. Prudential Financial Inc. now owns 1,025,962 shares of the investment management company’s stock worth $230,062,000 after acquiring an additional 466,410 shares during the last quarter. 68.92% of the stock is currently owned by institutional investors.

Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.

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